Simply Economics

Every day, a team of AIs deliver simple, straightforward updates from the world of economics.

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Episodes

Wednesday Feb 26, 2025

Explore the transformative rise of the UK's Net Zero economy, outpacing traditional sectors with significant job creation and investment. Delve into the implications of this green revolution for economic growth and sustainability. Plus, a deep dive into the sharp decline in US consumer confidence and its potential impact on global markets. Stay informed on international economic shifts, including tariff changes and central bank strategies, and gain insights from a Nobel laureate on the future of AI in the economy.Sources:https://www.installeronline.co.uk/industry-news/net-zero-economy-growing-at-a-faster-pace-than-rest-of-economy-cbi-reports/https://www.voanews.com/a/us-consumer-confidence-drops-sharply-survey-shows/7987763.htmlhttps://www.fxstreet.com/analysis/international-economic-outlook-202502241823https://www.technologyreview.com/2025/02/25/1111207/a-nobel-laureate-on-the-economics-of-artificial-intelligence/Outline:(00:00:00) Introduction(00:00:42) Net Zero economy growing at a faster pace than rest of economy, CBI reports(00:04:22) US consumer confidence drops sharply, survey shows(00:08:09) International economic outlook(00:11:12) A Nobel laureate on the economics of artificial intelligence

Tuesday Feb 25, 2025

Explore South Korea's strategic interest rate cut as it grapples with economic slowdown and political uncertainty. Delve into the complexities of calculating climate change's economic cost and why it might be a distraction. Plus, get insights into the international economic outlook with evolving tariff scenarios and personal finance strategies in uncertain times. This episode offers a comprehensive look at how global and personal economics intersect in today's challenging landscape.Sources:https://www.kaohooninternational.com/economics/553133https://theconversation.com/calculating-the-economic-cost-of-climate-change-is-tricky-even-futile-its-also-a-distraction-248862https://www.fxstreet.com/analysis/international-economic-outlook-202502241823https://www.mprnews.org/episode/2025/02/24/managing-your-money-in-uncertain-economic-timesOutline:(00:00:00) Introduction(00:00:40) S.Korea Slashes Interest Rates as Economic Slows Down and Political Uncertainty Looms(00:04:05) Calculating the economic cost of climate change is tricky, even futile – it’s also a distraction(00:07:30) International economic outlook(00:11:15) Managing your money in uncertain economic times

Monday Feb 24, 2025

Explore strategies for managing personal finances during economic turbulence with insights from Chris Farrell. Discover Portugal's economic resilience and its growing trade ties with Germany. Delve into Vietnam's ambitious public investment strategy and its impact on economic growth. Plus, examine the potential consequences of consumer-led economic blackouts on small businesses. This episode provides a comprehensive look at global economic dynamics and practical financial advice for uncertain times.Sources:https://www.mprnews.org/episode/2025/02/24/managing-your-money-in-uncertain-economic-timeshttps://www.theportugalnews.com/news/2025-02-23/portugals-growing-economic-resilience-and-strong-ties-with-germany/95702https://vietnamnet.vn/en/public-investment-a-driving-force-for-the-economy-this-year-2373169.htmlhttps://www.forbes.com/sites/shelleykohan/2025/02/23/how-the-economic-blackout-could-backfire-on-main-street/Outline:(00:00:00) Introduction(00:00:39) Managing your money in uncertain economic times(00:03:31) Portugal’s Growing Economic Resilience and Strong Ties with Germany(00:06:42) Public investment a driving force for the economy this year(00:09:44) How The Economic Blackout Could Backfire On Main Street

Sunday Feb 23, 2025

Explore the escalating tariff wars and their potential to reshape global economic dynamics, with a focus on the US, China, and the EU. Delve into the stock market's recent vulnerability amidst policy flux and economic worries. Discover Vietnam's ambitious public investment strategy and its role in economic growth. Finally, examine the psychology of value and how perception influences consumer behavior across industries. This episode offers a comprehensive look at the intricate interplay of international trade, market resilience, and evolving economic strategies.Sources:https://moderndiplomacy.eu/?p=80483https://www.cnbc.com/2025/02/22/resilient-stock-market-finally-succumbs-to-pressure-from-economic-worries-and-trump-policy-flux.htmlhttps://vietnamnet.vn/en/public-investment-a-driving-force-for-the-economy-this-year-2373169.htmlhttps://www.premiumtimesng.com/opinion/776048-the-economics-and-psychology-of-value-by-osmund-agbo.htmlOutline:(00:00:00) Introduction(00:00:41) American tariff wars worsen global economic prospects(00:04:20) Resilient stock market finally succumbs to pressure from economic worries and Trump policy flux(00:07:33) Public investment a driving force for the economy this year(00:11:32) The economics and psychology of value, By Osmund Agbo

Saturday Feb 22, 2025

Explore the economic challenges as UK workers in traditional energy sectors consider strikes amid the green transition. Delve into Portland's economic struggles with population decline and job losses, raising concerns of an 'urban doom loop.' Plus, the IMF's call for aggressive rate cuts in Thailand and Europe's need to redefine its global role as America shifts focus. This episode offers a comprehensive look at the economic and geopolitical shifts shaping our world.Sources:https://www.theguardian.com/business/live/2025/feb/21/uk-record-january-budget-surplus-tax-take-retail-sales-economy-business-live-newshttps://www.kgw.com/article/news/local/the-story/portland-state-of-economy-urban-doom-loop-population-income-loss/283-b7bde05a-9d3d-4a61-9a18-870d63849f0fhttps://www.kaohooninternational.com/economics/552981https://www.economist.com/podcasts/2025/02/21/europe-has-no-choice-but-to-step-up-as-america-steps-elsewhereOutline:(00:00:00) Introduction(00:00:42) UK firms slash jobs as stagflation fears grow(00:03:35) Portland still losing residents and jobs, signs of a looming 'urban doom loop'(00:06:45) IMF Urges More Aggressive Rate Cuts in Thailand amid Economic Challenges(00:10:11) Europe has no choice but to step up as America steps elsewhere

Friday Feb 21, 2025

Explore the potential economic impact of Elon Musk's advisory role and the controversial debate on price controls in the U.S. economy. Delve into the implications of Treasury yield fluctuations and the Asia Economic Dialogue's focus on resilience amid global challenges. This episode offers a deep dive into the forces shaping economic stability and policy decisions today.Sources:https://futurism.com/economist-elon-musk-recessionhttps://santamariatimes.com/opinion/editorial/price-controls-are-bad-economics-guest-commentary/article_9bf23c66-ef07-11ef-b23d-bf25ed72d5d8.htmlhttps://www.cnbc.com/2025/02/20/us-treasury-yields-investors-await-further-economic-data-.htmlhttps://www.tribuneindia.com/news/world/asia-economic-dialogue-2025-begins-in-pune-focuses-on-resilience-and-global-economic-challenges/Outline:(00:00:00) Introduction(00:00:43) Economist Warns That Elon Musk Is About to Cause a "Deep, Deep Recession"(00:03:50) Price controls are bad economics(00:07:08) Treasury yields lower as investors await further economic data(00:10:38) Asia Economic Dialogue 2025 begins in Pune, focuses on resilience and global economic challenges

Thursday Feb 20, 2025

Explore the latest report on Australia's major banks, highlighting their role in economic stability and consumer protection amidst rising inflation and interest rates. Discover how Spain's booming economy, driven by immigration, challenges xenophobic ideologies and offers a model for growth. Plus, delve into the economic impact of India's Maha Kumbh and the country's efforts to enhance economic data reporting. This episode provides a comprehensive look at how different nations are navigating economic challenges and opportunities.Sources:https://www.miragenews.com/economics-committee-releases-report-on-four-1411953/https://www.theguardian.com/commentisfree/2025/feb/19/spain-economy-booming-migration-gdp-growthhttps://www.fortuneindia.com/long-reads/the-economics-of-maha-kumbh-heres-how-the-mega-45-day-event-can-help-indias-economy/120579https://www.cnbctv18.com/economy/india-upgrades-economic-data-reporting-monthly-labour-surveys-new-iip-release-date-private-capex-survey-19561613.htmOutline:(00:00:00) Introduction(00:00:40) Economics Committee Releases Report On Four Major Banks(00:05:13) Why is Spain’s economy booming? Thanks to migration – which proves xenophobia doesn’t pay(00:08:45) The economics of Maha Kumbh: Here's how the mega 45-day event can help India's economy(00:12:21) India to beef up economic data reporting with monthly labour surveys, new IIP release date, pvt capex report

Wednesday Feb 19, 2025

Explore Vietnam's bold economic measures aiming for over 8% GDP growth by 2025, focusing on innovation, infrastructure, and digital transformation. Meanwhile, delve into Florida's costly suburban sprawl and the push for sustainable urban development. Plus, insights into America's inflation worries and China's strategic economic growth amidst global challenges.Sources:https://vietnamnet.vn/en/vietnam-targets-gdp-growth-above-8-with-bold-economic-measures-2372849.htmlhttps://www.chronicleonline.com/opinion/columnists/the-economics-of-development-suburban-sprawl-is-costly-for-florida-communities/article_70e9fcc1-31d4-5102-b651-2a7d3185b12f.htmlhttps://www.economist.com/finance-and-economics/2025/02/18/american-inflation-looks-increasingly-worryinghttps://news.cgtn.com/news/2025-02-18/Private-economy-propels-China-s-momentous-economic-growth-1B5NL1R3r56/p.htmlOutline:(00:00:00) Introduction(00:00:39) Vietnam targets GDP growth above 8% with bold economic measures(00:03:36) The economics of development: Suburban sprawl is costly for Florida communities(00:07:03) American inflation looks increasingly worrying(00:10:01) Private economy propels China's momentous economic growth

Tuesday Feb 18, 2025

Explore how Spain's innovative approach to migration has fueled its economic boom, setting an example for Europe. Discover the strategies behind its 3.2% growth and low unemployment, and how this model could guide other nations facing demographic challenges.Sources:https://www.theguardian.com/world/2025/feb/18/how-spains-radically-different-approach-to-migration-helped-its-economy-soarhttps://english.news.cn/20250217/a8d5b10b3f734aafad194c91fb15bfb6/c.htmlhttps://www.kaohooninternational.com/economics/552603https://finance.yahoo.com/news/report-reveals-barriers-black-entrepreneurs-150000359.htmlOutline:(00:00:00) Introduction(00:00:45) How Spain’s radically different approach to migration helped its economy soar(00:03:48) China steadfastly promotes economic globalization, multipolar world: FM spokesperson(00:06:55) Japan's Economic Growth Outpaces Expectations, Boosts Interest Rate Prospects(00:10:57) Report Reveals Barriers Black Entrepreneurs Face, Despite Growth And Economic Promise

Sunday Feb 16, 2025

Explore the $2 billion increase in the economic cost of foodborne illnesses from 2013 to 2018, highlighting the financial burden on the U.S. economy. Delve into the Federal Reserve's meeting minutes and global PMI data to understand the macroeconomic landscape. Discover how the UK narrowly avoided a recession and the implications for its future. Gain insights into China's economic challenges and the broader global economic dynamics. This episode offers a comprehensive analysis of pressing economic issues and their impact on policy and markets.Sources:https://www.ers.usda.gov/amber-waves/2021/april/economic-cost-of-major-foodborne-illnesses-increased-2-billion-from-2013-to-2018https://www.tastylive.com/news-insights/stock-market-sleepwalking-global-recession-growth-slowshttps://english.news.cn/20250216/b7736383ebd64cdcb324a7b39a2bf118/c.htmlhttps://asia.nikkei.com/Opinion/China-s-economic-woes-are-merely-growing-painsOutline:(00:00:00) Introduction(00:00:44) Economic Cost of Major Foodborne Illnesses Increased $2 Billion From 2013 to 2018(00:03:52) Federal Reserve (FOMC) Meeting Minutes and Global PMI Data: Macro Week Ahead(00:07:34) Economic Watch: UK economy avoids recession, but for how long?(00:10:13) China's economic woes are merely growing pains

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